How yeikow started their logo design journey

Summary

First, the design of a Social Network Logo.
Second, the design and coding of a template based on the logo, for a phpfox v1.5 script.

Company name

erasmusone.com

What inspires you and how do you envision the design for your business?

Tagline:
friendship is the experience

Desired Color Scheme:
European Union: blue and yellow. Bits of green or orange if necessary.

Desired Style:
This site is aimed at _university_students_ spending a year abroad.
Its theme tightly connected with the European Union: think blue and yellow, stars, europe maps, european monuments... etc
It has to be FUN and COOL, yet not for young teenagers.

Som

Accepted File Formats:
.jpeg, .psd, .css ... etc

Here is an opportunity to win a good Christmas prize.

We need a top quality design for a new Social Networking Site:

erasmusOne.com

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PART 1: -200 USD for the LOGO-

We want a sharp looking logo that would appeal our audience.
Eropean Union (EU) colors.
I suggest using the O in erasmusone as the stars of the UE flag.
There is no need to include ".com"

Tagline: I am not sure about this. For the time being: "friendship is the experience". It may change later but it shouldnt be an important element of the design.

Apart from the text itself, a smiley based on Erasmo of Rotterdam (google for images of him)on the left side of the text would be interesting. I was thinking of a classical circle smily with Erasmo's characteristic hat. Something really simple yet effective.
If this part doesn't seem to go anywhere, the text itself will do.
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PART 2: -800 USD for the coded template-

***WARNING: Do not start part2 until the winning logo has been chosen. We will not start this part of the contest until Part 1 is done.

We would like a web 2.0 feel. Things such as round corners, some reflections, shadows, white space, small icons... just to give an idea. It doesn't necessarily need exactly these.

All titles, fonts, icons... etc of the inside of the site must be changed from the default version, by customizing the css.
Please avoid titles in capital letters.

For the main page I suggest:

-Do not overcharge it.
-No featured member.
-No random polls.
-Some background watermarks of a european/world map?
-Under the header and sections a big photo in the top left. Login/register box to its right. Under the login/register box the wellcome text. Somewhere "New blogs". Somewhere "Just joined".
-The elements from the last paragraph can be moved as however you feel looks better, but would be nice to have.

Some changes in the layout:

Instead of Browse, Search
Instead of Gallery, Photos
Instead of Events, Parties
In the subsection of MyAccount: Instead of Submit Items: Upload; Instead of My Items: My Experience.
Leave out Rate, Battle, Poll, Fun, Quiz and Music (these titles should be properly design/coded in case I decided to add them in the future, but I won't make them viewable for starters).
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Please let me know if you are participating in this contest (part 1,2 or both).

There will be 10 days maximum for part 1 and 20 days for part 2. This may vary according to the development of the contest.